An independent fiduciary decided a transaction split between Prudential and MassMutual was the safest available annuity structure to provide retiree benefits.
The Obama Administration is strongly backing the Department of Labor’s ongoing fiduciary redefinition effort, with the president advocating for a strengthened fiduciary standard amid a flurry of industry...
Advice has taken on new dimensions in the retirement space, according to Cerulli Associates, and is often implemented automatically and without requiring input from the recipient.
Plaintiffs’ attorney Jerry Schlichter says the settlement is the largest result for a 401(k) excessive fee claim ever levied against a single employer in the United States.
LIMRA Secure Retirement Institute research suggests a formal written plan can make a big difference in creating a secure retirement through the defined contribution system.
An updated analysis from the Society of Actuaries examines required contributions and economic sensitivities for pension plan sponsors, finding their outlook is somewhat rosier than in previous reports.